The crypto market in 2024 is experiencing optimism, with major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) remaining flat and showing a slight rise in the fourth quarter of the previous year. The approval of Bitcoin spot ETFs and the anticipation of Ethereum ETFs and the upcoming Bitcoin halving are the key factors driving this optimism.
However, a cautious atmosphere prevails in the market. The principle of “buy the rumor, sell the news” seems to be working. Bitcoin halving, which reduces the reward for mining new bitcoins and is seen as an anti-inflationary measure, is expected to support market prices by limiting supply. In this context, several altcoins have emerged as potential competitors for Bitcoin (BTC) and Ethereum (ETH) buyers. Due to their strong inherent properties and lower volatility, some of the cryptocurrencies mentioned below are predicted to see a massive rise even before the halving. Read on to find out which ones.
ScapesMania: New project entering the crypto scene
ScapesMania is reaching new heights in the crypto universe, so make the most of the early bird sale before it’s too late. The project is on track to complete its impressive funding campaign in February, which will allow it to begin listing on popular exchange platforms immediately. Post-listing, the token has the potential to skyrocket to the moon.
What are the catalysts fueling the expected growth? First, a solid post-listing marketing strategy from an experienced team with extensive expertise. Next, owning ScapesMania tokens is not just a passive activity; Token holders can enjoy a number of benefits such as token redemption, burning and staking.
Moreover, the token’s utility lasts beyond fads. Unlike meme coins that rely on short-lived excitement, ScapesMania was created with lasting value and practical application in mind.
Since the pre-sale is about to end, you should act fast and get your discounted tokens now! The countdown has begun – don’t let this opportunity pass you by.
Post-listing, today’s promoters could be looking at potentially huge gains, meaning ScapesMania could outperform all major asset classes and beyond. The S&P 500, gold, bonds, and even the cryptocurrency market as a whole are not expected to achieve such returns in 2024.
ScapesMania highlights
ScapesMania is no ordinary crypto asset; It is a vibrant gaming ecosystem that appeals to the interests of both casual gamers and crypto-savvy audiences.
The above-mentioned benefits have already attracted crypto whales with $20,000+ deposits to opt for ScapesMania and it might be compelling enough for you too. The project passed audits by the industry’s leading security rating companies, instilling confidence in early adopters. ScapesMania is already making waves on major tracking websites and is in talks to list it on leading exchanges.
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Time waits for no one: Act now!
By contributing now, you position yourself for potential profits as the project moves to the next stage (listing). Understand: this pricing will never be available again. Likewise, a combined bonus support will not be available again as the reference, progress and promotional code rewards will expire after listing.
If you already have everything ScapesMania has to offer, there is a unique opportunity for you: a special offer code, FHE856. Limited time offer is only valid for a limited time from the date of publication of the article. in a special area during checkout. FHE856 This is your best chance to win a 10% bonus once you enter, so act fast, time is ticking.
Ethereum (ETH): Bullish outlook amid resistance challenges
Ethereum (ETH) recently exhibited a bullish trend with key resistance levels at $2.4K and $2.6K on the weekly chart. Bitcoin (BTC) spot ETF approval news briefly pushed Ethereum to a local top of $2.7K, but it was rejected at that level. The weekly market structure remains bullish and $2.1K is the top level. Ethereum (ETH) price action shows that the $2100-2200 range is an important demand zone. The $2370 resistance might pose a challenge for Ethereum (ETH) bulls. The future of Ethereum (ETH) looks cautiously optimistic. It is estimated that there is a liquidation level of close to $3 billion in the $2420-$2450 range, with more resistance at higher levels.
Solana (SOL): Meme coin hype and DePIN soar in market share
Solana (SOL) has surged recently, joining other well-performing cryptocurrencies. Solana (SOL) token rose significantly, reaching its highest point since mid-January. Solana (SOL)’s role in the meme coin industry, especially with the rise of Bonk and Wen tokens, has contributed to its performance. Solana (SOL) token formed a long-legged doji formation on January 23, signaling a potential reversal and remained above the 50-day and 100-day Exponential Moving Averages (EMA).
The outlook for Solana (SOL) is bullish as it approaches the psychological level of $100. A break above this level could lead to a further rally towards last year’s high of $126, which represents a 27% increase from the current level.
Avalanche (AVAX): Sudden fluctuation in market performance
Avalanche (AVAX) experienced a 10% increase in price last week and became one of the biggest gainers among the leading cryptocurrencies by market cap. This surge pushed Avalanche (AVAX) to a 10-day high of $36, along with a 34% increase in daily trading volumes. The recent price increase in Avalanche (AVAX) may be linked to increased activity on The Arena, an Avalanche-based decentralized social application. The immediate outlook for Avalanche (AVAX) appears to be bullish, driven by increased demand in the futures market and the growing popularity of The Arena app.
Conclusion
The crypto market in 2024 is marked by a mix of cautious optimism and strategic positioning, especially in the context of the upcoming Bitcoin halving. In particular, altcoins like ScapesMania are gaining attention as potential ways to maximize returns ahead of the halving.
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